Home Federal Bank of Tennessee Sells 502 Shares of Invesco QQQ (NASDAQ:QQQ)

Home Federal Bank of Tennessee trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,120 shares of the exchange traded fund’s stock after selling 502 shares during the quarter. Invesco QQQ accounts for 0.6% of Home Federal Bank of Tennessee’s portfolio, making the stock its 27th largest position. Home Federal Bank of Tennessee’s holdings in Invesco QQQ were worth $1,687,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ironwood Wealth Management LLC. lifted its stake in Invesco QQQ by 7.4% during the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after purchasing an additional 381 shares during the last quarter. Axiom Financial Strategies LLC lifted its position in shares of Invesco QQQ by 11.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 85 shares in the last quarter. Roundview Capital LLC boosted its holdings in shares of Invesco QQQ by 0.9% in the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after buying an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Invesco QQQ by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after acquiring an additional 278 shares during the period. Finally, Covestor Ltd grew its position in shares of Invesco QQQ by 309.2% in the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 337 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

QQQ traded down $0.82 on Friday, reaching $444.01. The company had a trading volume of 36,839,641 shares, compared to its average volume of 45,533,704. The business has a 50 day simple moving average of $434.46 and a 200 day simple moving average of $399.97. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.